view presentation here - National Real Estate Development Council

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Oct 28, 2013 (3 years and 5 months ago)

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Susheel

Kumar,
I.A.S.


Joint Secretary, Ministry of Housing and Urban Poverty Alleviation

Government of India

1



Sustainability

䅦景rd慢楬楴y

2


Affordable

Housing
:

Individual

dwelling

units

with

a

Carpet

Area

of

not

more

than

60

sq
.

mt
.

and

preferably

within

the

price

range

of

5

times

the

annual

income

of

the

household

as

notified,

either

as

a

single

unit

or

part

of

a

building

complex

with

multiple

dwelling

units
.



3


Affordable

Housing

Projects
:

Housing

projects

where

at

least

60

percent

of

the

FAR/

FSI

is

used

for

dwelling

units

of

Carpet

Area

of

not

more

than

60

sq
.

mts
.

The

project

shall

also

reserve

15

percent

of

the

total

FAR/

FSI

or

35

percent

of

the

total

number

of

dwelling

units

for

EWS

category
.



4


The

urban

housing

shortage

in

the

country

was

estimated

to

be

around

18
.
78

million

in

2012

(Technical

Group

on

Urban

Housing

Shortage



TG

-
12

2012
-
17
)



Over

56
.
18
%

pertain

to

the

EWS

and

over

39
.
44
%

to

the

LIG

category


About

600

million

Indians

are

projected

to

reside

in

urban

areas

of

India

by

2031


As

per

a

projection

by

the

McKinsey

Global

Institute,

the

housing

shortage

could

go

up

to

38

mil

units

by

2030



5


Occupied

Census

residential

houses

grew

from

52
.
06

to

78
.
49

mil

between

2001

and

2011


In

the

last

decade

the

number

of

households

have

grown

by

3
.
9

percent

annually,

which

is

lower

than

5

percent

growth

in

housing

stock


The

policy

challenge

therefore

is

not

to

increase

housing

stock

in

general

but

focus

on

increasing

housing

stock

for

the

EWS

and

LIG

segments,

which

consists

of

95
.
62

percent

of

the

housing

shortage



6

1

2

3

4

7

Past Efforts
:


UCLRA Repeal


Land Reservation and other reforms under JNNURM.


Annual income of Rs. 100,000 for EWS and Rs.
200,000/
-

for LIG households.

Initiatives in the pipeline
:


Real Estate (Regulation and Development) Bill, 2012


New Core Definitions for EWS and LIG :



EWS
:


21
-

27 sq.m Carpet Area



LIG
A :

28
-
40
sq.m Carpet Area



LMG
B
:

41
-
60
sq. m Carpet
Area

1

8

Initiatives in the pipeline (continued)
:



New

Model

Rent

Bill

under

preparation

and

a

Task

Force

on

Rental

Housing

has

been

set

up

to

make

policy

recommendations

on

boosting

Rental

Housing

Sector


A

Committee

on

Streamlining

Approval

Procedures

for

Real

Estate

Projects

(SAPREP)

under

MoHUPA
,

is

in

an

advanced

stage

of

making

recommendations




1

9


Housing Finance Scenario


C
redit

to

housing

sector

in

Gross

Bank

credit

has

gone

up

from

3
%

(Rs

11
,
404

crs
)

in

1999

to

9
.
28
%

(
Rs
.

3
,
46
,
110

crs
)

in

March

2011

and

to

8
.
88
%

(Rs
.
3
,
88
,
020

crs
)

as

on

31
st

March

2012
.


However,

Smaller

loans

of

up

to

Rs

5

Lacs

for

EWS/LIG

by

public

sector

banks

(HFCs)

in

2010
-
11

was

only

22
.
7
%


(
8
.
9
%

)

and

declined

to

14
.
7
%

(
3
.
4
%
)

in

2011
-
12
.


2

10

Interest Subsidy:


Interest

Subsidy

Scheme

for

Housing

the

Urban

Poor

(ISHUP)

to

be

scaled

up

as

Rajiv

Rinn

Yogana

scheme

as

announced

by

Hon’ble

PM
-

the

loan

against

which

5
%

interest

subsidy

is

received

will

be

increased

to

Rs

5

lakhs

from

the

current

1

lakh
.




Proposed target for 12
th

Plan 1.0 million under
RRY.



Credit Risk Guarantee Fund with a corpus of Rs.1000
Crores

has been set up.



2

11

Past Efforts
:



JNNURM/RAY








Proposed target for 12
th

Plan 1.0 million under RAY.



National
Program for Urban Homeless and the
Affordable Housing in partnership Scheme











3

JNNURM Progress Nov 2012

No
.

of

Projects

Approved

1610

No
.

of

Cities/Towns

covered

992

No

of

DUs

Approved

1574596

Total

Project

Cost

Approved

Rs

Cr

41812
.
7

12


ECB
and FDI
are already
permitted


Efforts of M/o HUPA
:


Pitching for Including
Affordable Housing,
as
“infrastructure facility
’’


Seeking concessions for affordable housing
projects under income tax and other taxes

4

13





Thank You

14